Business news

    ASX200 rebounds; Domain hit by cyber attack; Qantas dives on more job cuts

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    Highlights
    • ASX200 is trading 0.97% higher at 6998.8 at 1:30pm AEST.
    • Domain targeted by cyber attack leading to user information being stolen.
    • Qantas announces further job cuts and a two-year wage freeze.

    The tech sector is leading the upward charge today with EML Payments recovering from yesterday?s plummet to trade 7.14% higher, Altium is up 6.15% and Afterpay is trading 5.42% higher.

    The Australian market has rebounded from yesterday?s sharp loss to trade 0.97% higher at 6998.8 at 1:30pm AEST as tech stocks boost the key index.

    Bitcoin has rebounded slightly from this morning?s dip below US$34,000 to trade at US$38,251.47 at 1:30pm AEST. Ethereum has also been caught up in the crypto-fall as the world?s second largest cryptocurrency trades 21.55% lower in the last 24-hours at US$2470.90 this afternoon.

    Australian-based real estate listings website Domain has been targeted in a cyber attack with the company warning users to beware of suspicious emails claiming to be real estates offering rental property deals. The cyber attack allowed scammers to gain access to personal information of many Domain users.

    Making headlines, Qantas has today announced another round of job cuts and a two-year pay freeze to be introduced as the flying kangaroo continues to struggle through border closures and delays to international travel returning. International cabin crew will be asked to volunteer for redundancy amid the airline expecting to report a $2bn loss this financial year.

    And Apple today announced plans to expand its accessibility functions to make products easier for all users, including the introduction of SignTime, an on-demand interpreter for sign-language assistance in real-time on the Apple device in use.

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